* Diageo is holding exploratory talks to buy Mey Icki-WSJ
* Owner TPG may opt for an IPO of Mey Icki instead - WSJ
PHILADELPHIA, Dec 9 (Reuters) - Liquor company Diageo Plc
TPG Capital, the owner of Mey Icki, has been exploring an initial public offering of stock in the company, the newspaper reported in its online edition.
TPG, which bought the firm for about $800 million in 2006, may still pursue an IPO if it fails to reach an agreement to sell the business to Diageo or another private equity firm, the newspaper said.
TPG [TPG.UL] has mandated JP Morgan, Goldman Sachs, Credit Suisse and Bank of America Merrill Lynch to run the IPO of Turkish raki producer Mey Icki, a source close to the deal previously told Reuters.
Diageo, maker of Johnnie Walker whiskey, Tanqueray gin and Smirnoff vodka, could not be immediately reached for comment. TPG could not be immediately reached for comment. (Reporting by Jessica Hall, additional reporting by Megan Davies in New York) (For more M&A news and our DealZone blog, go to http://www.reuters.com/investing/news/mergers)